Vision Cinemas Limited has notified the BSE of an upcoming Board of Directors meeting scheduled for Wednesday, May 20, 2026, at its registered office located at 24/1, 5th Main Road, Jayamahal Extension, Jayamahal, Benson Town, Bangalore, Karnataka 560046. The intimation, dated May 12, 2026, has been filed pursuant to Regulation 29(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Agenda Items for the Board Meeting

The board meeting has been convened to address a range of financial, audit, and governance matters. The following agenda items are scheduled for consideration:

Trading Window Closure

In connection with the scheduled board meeting and the forthcoming declaration of audited financial results, the Trading Window for dealing in the securities of the company has been closed with effect from April 1, 2026. The closure will remain in effect until 48 hours after the declaration of the audited financial results, in compliance with applicable SEBI regulations.

Governance and Compliance Highlights

Among the notable governance decisions on the agenda is the proposed appointment of CS S. Suresh as Secretarial Auditor for a period of five consecutive years, commencing from FY 2025-26 and extending through FY 2029-30. CS S. Suresh has also been proposed as the Scrutinizer for the company's Annual General Meeting. The board will additionally authorize designated personnel to file necessary E-Forms with the Ministry of Corporate Affairs and other government authorities, ensuring timely regulatory compliance.

The meeting has been called by Bindiganavale Rangavasanth, Managing Director of Vision Cinemas Limited, who signed the intimation on May 12, 2026.

Vision Cinemas Limited has secured exemption from quarterly corporate governance compliance requirements under SEBI regulations, based on its capital structure falling below specified regulatory thresholds. The Bengaluru-based company communicated this exemption to the Bombay Stock Exchange on April 11, 2026, highlighting its qualification for relaxed compliance norms.

Regulatory Exemption Details

The exemption covers quarterly compliance reports on Corporate Governance under Regulation 27(2) of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015. Additionally, the company is exempt from filing Annual Secretarial Compliance Report as per SEBI Circular CIR/CFD/Policy Cell/7/2014.

Financial Position Analysis

The company's financial metrics demonstrate consistent capital structure maintenance over recent years. The net worth calculation includes share capital, share premium, and retained earnings, excluding revaluation reserves on assets.

Compliance Framework

Under Regulation 15(2)(a) of SEBI's Listing Obligations and Disclosure Requirements Regulations 2015, listed entities with paid-up equity share capital not exceeding Rs. 10 crores and net worth not exceeding Rs. 25 crores are exempt from mandatory compliance with corporate governance provisions. This exemption applies to companies meeting both criteria as of the last day of the previous financial year.

Corporate Structure

Vision Cinemas Limited, incorporated under CIN L33129KA1992PLC013262, operates from its registered office in Jayamahal Extension, Bengaluru. The company is led by Managing Director Bindiganavale Rangavasanth (DIN: 01763289), who signed the exemption certificates. The certification process involved verification by Manoj Acharya & Associates, Chartered Accountants, confirming the accuracy of financial data for the three-year period ending March 2025.